framework and subject to the ultimate responsibility of the Board of the Co-op. (Tenants are all entitled to be Directors.)
This and other management arrangements place greater responsibilities on co-operative tenants than that normally expected by landlords. However, at the same time, the arrangements also provide significantly more benefits. Greater autonomy and independence, greater freedom and flexibility.
For instance, because tenants manage their own maintenance budgets, there is a built in incentive to manage them efficiently. Any savings tenants can make, for instance by carrying out their own repairs, can be available for home improvements at their discretion.
This fits in with traditional country values of self-reliance as well as being an efficient management strategy for the co-operative.